{"id":130235,"date":"2023-02-23T13:26:43","date_gmt":"2023-02-23T07:56:43","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=130235"},"modified":"2023-02-23T13:26:45","modified_gmt":"2023-02-23T07:56:45","slug":"central-bank-of-india-moneywise-financial-services-tie-up-for-msme-loans","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/central-bank-of-india-moneywise-financial-services-tie-up-for-msme-loans\/","title":{"rendered":"Central Bank of India, Moneywise Financial Services tie up for MSME loans"},"content":{"rendered":"\n<p><strong>Central Bank of India, Moneywise Financial Services tie up for MSME loans :<\/strong> Central Bank of India\u00a0and\u00a0Moneywise Financial Services Pvt Ltd (MFSPL)\u00a0signed a\u00a0co-lending agreement for lending to\u00a0micro, small, and medium-sized enterprises (MSMEs). This partnership will help to expand the portfolio for both entities. The said loans would be subject to\u00a0compliance with the applicable laws and guidelines issued by RBI.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-february-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">February 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>Under the pact,&nbsp;Moneywise Financial Services&nbsp;will process MSME loan proposals as per jointly formulated credit parameters and eligibility criteria. While CBoI will take into its books 80&nbsp;per cent&nbsp;of the MSME loans under mutually agreed terms. Moneywise Financial Services&nbsp;will service the loan account throughout its lifecycle. As at December-end 2022, Moneywise Financial Services\u2019 \u2018asset under management\u2019 stood at about Rs 800 crore.&nbsp;<\/p>\n\n\n\n<p>MFSPL is an RBI-regulated non-banking financial company (NBFC) focused on MSME Lending.<br><br>Central Bank of India CEO: M. V. Rao<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Bank of India, Moneywise Financial Services tie up for MSME loans : Central Bank of India\u00a0and\u00a0Moneywise Financial Services Pvt Ltd (MFSPL)\u00a0signed a\u00a0co-lending agreement for lending to\u00a0micro, small, and medium-sized enterprises (MSMEs). This partnership will help to expand the portfolio for both entities. The said loans would be subject to\u00a0compliance with the applicable laws and [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":130236,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4999],"tags":[74],"offerexpiration":[],"class_list":["post-130235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-february-2023","tag-bank-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/130235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=130235"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/130235\/revisions"}],"predecessor-version":[{"id":130237,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/130235\/revisions\/130237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/130236"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=130235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=130235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=130235"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=130235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}